Koda's interim bail plea rejected

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A special court on Monday rejected an interim bail plea of former Jharkhand chief minister

A special court on Monday rejected an interim bail plea of former Jharkhand chief ministerMadhu Koda, arrested for his alleged involvement in a Rs 2,500-crore money laundering scam, and extended his judicial custody till November 4.

Koda, who made a personal appearance before the court, had moved the interim bail petition to attend the monsoon session of Parliament beginning November 7.

"I am a victim of political conspiracy. People want my political career to be finished, but I have faith in the judiciary. I am cooperating with the investigating agencies, who have not yet found any evidence against me," Koda told reporters outside the court premises here.

Koda has been in judicial custody ever since he was arrested on November 30 last year.

The state vigilance bureau, Income Tax department, Enforcement Directorate and CBI are investigating separately into the Koda scam that surfaced on October 31 last year during countrywide raids on the premises of Koda and his associates.

The investigators had allegedly found documents relating to illegal investments and hawala transactions to the tune of Rs 2000 crore.

The ED had on October 9 last year filed an FIR against Koda and some of his former cabinet members and associates for allegedly accumulating wealth to the tune of Rs 4,000 crore.

Binod Sinha and his brother Vikas, said to be key associates of Koda, are also in judicial custody, so also Mumbai-based businessmen Manoj Punamia and Arvind Vyas, the alleged beneficiaries during the Koda regime.

With PTI inputs

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